• India proposes to establish a fund specifically to combat plastic pollution, modeled after the successful Multilateral Fund under the Montreal Protocol.

• The fund would provide grant-based financial support to developing countries, helping them implement measures to reduce plastic pollution without economic strain.

• The proposal allows private funds to be accepted under agreed-upon conditions, increasing the potential resources available to tackle plastic pollution.

• The initiative emphasizes the importance of sharing technology and aims to equip developing countries with the tools to effectively address plastic waste.

• Advancement of Global Environmental Agreements: This move reinforces global commitments by building upon the 2022 United Nations Environment Assembly resolution to develop an international legally binding instrument on plastic pollution.

Click here to read more.